For a city to become an Important Tech Hub of the World, it must meet a number of requirements. These include cutting-edge technology, excellent transportation infrastructure, a robust educational system, and a high quality of life. But what exactly makes a city an Important Tech Hub? Read on to discover how one city can become a global tech hub! Here are five ways to recognize your city as an Important Tech Hub:
Estonia has emerged as one of the world’s most innovative digital societies, and Tallinn is at the forefront of it. This city is home to the birthplace of Skype, and it has a thriving tech ecosystem. The capital city is one of the most affordable in Europe, and public transport is free. The city’s medieval city center is also home to many museums, including the Seaplane Harbour, the world’s oldest maritime museum, and the Tallinn University of Technology.
In 2018, the US, China and India were identified as the three most important tech hubs in the world. The role of these cities as technology hubs varies depending on the location. Local factors include university community, infrastructure, tax incentives and demographics. Furthermore, macro-level factors include available investment funding and national tax incentives. In addition, government policies and programs promote a country’s ability to be a technology incubator.
The Israeli city of Tel Aviv is home to some of the largest tech companies in the world, with many of these located in the Azrieli Center complex, which is often featured in articles on the country’s tech scene. These companies include insurance software giant Sapiens, AI processor maker Habana Labs, which was recently acquired by Intel for $2 billion. The city is also home to the tallest building in Israel, the Azrieli Sarona Tower, which opened in 2018. It is now home to Amazon, Facebook, and Snapchat.
Bangalore, formerly known as Bengaluru in Kannada, is one of the most successful globalization stories in the past 30 years. Its fast growth has resulted in booming industries, a dynamic culture, and a mild climate. But the city’s water and electricity infrastructure is severely lacking, and it’s not uncommon for neighborhoods to suffer from long power outages. Some neighborhoods in Bangalore report 12-hour power outages during the summer, when temperatures soar to 100 degrees.
Shenzhen is a booming technology hub, with an impressive manufacturing ecosystem deeply embedded in the global supply chain. In the open innovation culture, companies in Shenzhen are encouraged to collaborate with each other and share knowledge. The city’s startup ecosystem supports the creation of a broad range of smart hardware products, and firms with decades of experience designing electronics for major multinational companies are flourishing here. With their innovative spirit and skills in rapid prototyping, Shenzhen-based firms are rapidly becoming a model for those in Africa and other developing countries.
Atlanta is one of the leading tech hubs in the world. In 2006, Atlanta was booming with exits, including the acquisition of Kabbage for $850 million and the creation of Calendly, a $3 billion company. These companies set the stage for a buffet of tech startups, focused on financial services, payment processing, cloud-based business solutions, and internet security. This area was once home to Scientific Atlanta, which had a rich history in the high tech industry. Today, the city is home to a large tech ecosystem, including companies like Vitrue, Springbot, and WebMD.
One of the most important advantages of being located in the United States is the accessibility to highly educated workers, which is a key draw for many companies. The area is home to several major universities, including NC State, and has a robust startup ecosystem. The city’s Warehouse District recently hosted the Raleigh Founded coworking space. The city’s diverse workforce is highly educated, and the state offers a strong tax incentive package to attract new businesses.
According to Inc. magazine, Denver is home to 191,793 tech workers, and over 11,000 tech companies call it home. Denver has long attracted Silicon Valley companies and others from outside the U.S., including Google and Microsoft, which have established secondary offices there. Facebook recently announced its intention to establish an office in Denver and several other internet startups have already set up shop there. Currently, the cost of living in Denver is almost 44 percent less expensive than in San Francisco, which is an indicator that the tech community is in need of skilled workers.